Insight Enterprises (NASDAQ:NSIT) Stock Rating Lowered by Wall Street Zen

Insight Enterprises (NASDAQ:NSIT) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued reports about the company. Raymond James Financial restated an “outperform” rating and set a $175.00 target price on shares of Insight Enterprises in a research note on Thursday, August 6th. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. Barrington Research set a $180.00 price target on Insight Enterprises in a report on Monday, August 10th. Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings upgraded Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.50.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $165.37 on Friday. The company’s fifty day simple moving average is $138.63 and its 200-day simple moving average is $106.26. Insight Enterprises has a 52 week low of $63.62 and a 52 week high of $165.79. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The stock has a market cap of $4.85 billion, a P/E ratio of 24.21, a PEG ratio of 1.20 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the business earned $2.45 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities research analysts predict that Insight Enterprises will post 11.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Insight Enterprises

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Insight Enterprises by 684.8% in the first quarter. Royal Bank of Canada now owns 24,422 shares of the software maker’s stock worth $3,664,000 after acquiring an additional 21,310 shares during the last quarter. AQR Capital Management LLC boosted its stake in Insight Enterprises by 39.7% in the first quarter. AQR Capital Management LLC now owns 15,097 shares of the software maker’s stock valued at $2,264,000 after acquiring an additional 4,293 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Insight Enterprises during the first quarter valued at approximately $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Insight Enterprises by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,216 shares of the software maker’s stock worth $2,432,000 after purchasing an additional 714 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Insight Enterprises by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,259 shares of the software maker’s stock worth $11,138,000 after purchasing an additional 3,722 shares during the period.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations select, deploy and manage information technology. The company serves businesses, government agencies and educational institutions, providing technology products and expertise across the IT lifecycle.

Its offerings include hardware, software and cloud solutions, along with consulting, systems integration, managed services, data and artificial intelligence solutions, cybersecurity, digital transformation and modern workplace services.